gojira91

Not Much to Say About AMC

gojira91 Updated   
NYSE:AMC   AMC Entertainment
Okay so I waited a week for the price action. $34.50s (I call $33 but I was wrong but I was okay with $34 because $36 bounce was unlikely to me) was the bottom and we explode to $44.21 before selling off. Expect a bull pennant this week into next week. If we breakout this bull pennant. Expect $48 the resistant again and creating a rising wedge to the $50s again. I will talk about more later when we reach the $47s+. So this is my rough sketch play out this month. We might go much higher sooner though. Nobody knows.

Expect some update later.
Comment:
Update conservative chart

the retracement are based on past action

$72 - $28 - approximately 2 months June 2nd - August 5th/11th
$29 - $52 - approximately 1 month August 5th/11th - September 13th
$52 - $33 - 2 weeks September 13th - September 30th
$33 - $44 - 2 weeks September 30th - October 19th
$44 - $34 - 2 weeks October 19th - October 29th
$34 - $52 - will be 2-2.5 weeks approximately October 29th - November 12th/15th/19th
$52 - $44 - will be 2 weeks approximately November 8/12/15/19/22/-22/26/December 3rd/
$44 - $XXX November 22/26/December 3/10/17/30
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